The COVID-19 pandemic’s impact on demand for oil and gas, on top of the destabilising price war in March and April and the slump in global prices, has come to the aid of Santos.
Read More
The US has brokered an historic oil production agreement between OPEC, Russia and the G20, although brokers are sceptical about whether this will have enough impact on supply/demand dynamics.
Read More
In more normal times - and nothing is normal at the moment - low oil prices benefit the global economy and stocks such as manufacturers and transport companies. Tim Boreham outlines those Australian companies which stand to benefit from significantly lower energy prices.
Read More
Santos has boosted its 2025 production target 20% from the already ambitious target it set only in December.
Read More
Woodside Petroleum and Santos produced very different quarterly reports yesterday.
Read More
Santos has completed its US$1.5bn acquisition of the northern Australia/Timor-Leste assets. Macquarie notes some improvement in the settlement terms.
Read More
Morgan Stanley wonders whether the stock is now pricing in success. While further outperformance in the near term is possible it will depend on cost initiatives, commodity prices or progress at Narrabri.
Read More
Santos will acquire ConocoPhillips' northern Australian assets for $1.39bn. The transaction will be funded from free cash flow and $750m in new debt facilities as well as a 25% equity sell-down of Bayu-Undan and Darwin LNG.
Read More
UBS slightly reduces forecasts for oil prices through to 2021 but retains a long-term oil price at US$70/bbl, which is expected through 2022-24. The revised outlook for the next couple of years reflects a more subdued view on global demand, in line with economic forecasts.
Read More
Sales volumes in the September quarter were ahead of UBS estimates.
Read More
